Skip to content

A nonproductive blockchain can’t solve the fiat problem

The two main points I try to make in Volume 1 of the book BIT & COIN: Merging Digitality and Physicality are: Both of the above require a vastly scalable blockchain with TPS beyond millions and an extremely low Cost Of Transaction (CoT). According to Satoshi’s vision, the Bitcoin blockchain was meant to achieve exactly these. But 15 years later, we have BTC doing 7 TPS while promoting an open Ponzi scheme. Worse, people have been… Read More »A nonproductive blockchain can’t solve the fiat problem

Bitcoin, decentralization and distributed computing

I don’t understand celebrating a tiny database & nodes…🤷‍♀️ I want peer-2-peer electronic cash. Scaling matters. Robin deLisser on LinkedIn Robin is right.  Scaling matters. Scaling isn’t a mere quantitative advantage in that more of the same stuff is done, but more importantly a qualitative advantage because it enables new things that couldn’t be done without the scale. See The Structural Impact of The Cost of Transaction (CoT). Regarding distributed computing, the decentralization of the… Read More »Bitcoin, decentralization and distributed computing

Bayesian probabilities and evidence

The COPA v. Wright trial ended on March 14, 2024. Judge Mellor made an oral statement at the closing of the trial that was quite shocking, especially for people who supported Dr. Wright or were neutral. See Judge’s declaration in COPA v. Wright. If the written judgment confirms the judge’s declaration that Dr. Wright is not Satoshi, I’ll give due respect to the judgment unless an appellate court overrules it. As an independent observer, however,… Read More »Bayesian probabilities and evidence

Judge’s declaration in COPA v. Wright

(UPDATE: the following article was written before the judge’s written judgment. The judge’s written judgment was released on May 20, 2024, and it confirmed the declaration made by the judge at the end of the trial. Dr. Wright has subsequently appealed to the upper court. Although a request for an appeal was permitted, a decision on the appeal is not expected until late 2025. According to British law, to receive permission to proceed with an… Read More »Judge’s declaration in COPA v. Wright

The battle on earth

What are we really dealing with now? In the words of RDN @rdnxyz, it is not a technological problem, a cultural problem, a mental problem, an economic problem, or a political problem. “We are in the midst of a Religious conflict.” I agree, except that I would call it “Spiritual conflict” rather than “Religious conflict”. Everything is ultimately spiritual. The visible (physical) is temporal, but the invisible (spiritual) is eternal (2 Corinthians 4:18). Man is… Read More »The battle on earth

TimeChain that preserves humanity in digital age

It is supremely ironic, but fatefully unsurprising: Satoshi’s own identity case proves how important his invention is. In COPA v. Wright, British High Court Judge Mellor declared, before issuing a final written judgment, that Dr. Craig S. Wright is not Satoshi, the inventor of Bitcoin. Based on the evidence presented in the trial, the judge must have been persuaded by the allegations of forgery. This proves that the COPA strategy has worked. Logic dictates that… Read More »TimeChain that preserves humanity in digital age

BTC is more corrupt than fiat

“An honest man is one who knows that he can’t consume more than he has produced.” Ayn Rand, Atlas Shrugged. Before you take pride in how much wealth your favorite coin has extracted from the real economy, ask what your coin has contributed to the world, or at least will contribute. If you believe it has real productive value, please justify it using an honest theory that makes economic sense. Whenever destroyers appear among men,… Read More »BTC is more corrupt than fiat

Is Bitcoin’s Merkle tree a binary search tree?

Is Bitcoin’s Merkle tree a binary search tree? Dr Wright says Bitcoin’s Merkle tree is a binary search tree (BST). But BTC devs disagree. People can disagree on many things, but a disagreement between Dr Wright and BTC devs can rise to historic significance, because it can be, and often is, used as evidence to disqualify Dr Wright as Satoshi, the inventor of Bitcoin. The matter of weather Bitcoin’s Merkle tree a binary search tree… Read More »Is Bitcoin’s Merkle tree a binary search tree?

“The Three-Body Problem” and Scidolatry

I tried to watch the 30-episode Chinese TV series The Three-Body, based on Liu Cixin’s now-famous novel The Three-Body Problem. I couldn’t last more than an hour and had to skim to the end quickly. I generally have a soft spot for sci-fi and can often passively receive low-quality junk for quite a while before my brain can come up with a firm “stop” signal. But this is worse than junk.  It’s poison. Its philosophy… Read More »“The Three-Body Problem” and Scidolatry

Dr. Wright’s settlement offer to COPA and all opposition parties

On January 24, 2024, Dr. Wright sent to his opponents in the COPA litigation (Claim No. IL-2021-000019), the passing-off claims (Claim No. IL-2022-000035  & Claim No. IL-2022-000036) and database-rights claims, (Claim No. IL-2022-000069) a non-negotiable offer to settle each of these cases. See the offer in its entirety here. Here is a quick summary and analysis of the offer. Key points Foundation:   All lawsuits and claims are to be dropped; the Opposition implicitly recognizes that Dr. Wright is… Read More »Dr. Wright’s settlement offer to COPA and all opposition parties